Glassnode: The profit-loss ratio of short-term Bitcoin holders has returned to a neutral level. If the indicator continues to rise, it will indicate that the rebound momentum is increasing.

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MarsBit
04-25
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Mars Finance News, on April 25, glassnode stated that the Short-Term Holder Profit/Loss Ratio has rebounded to a neutral level of 1.0, indicating that the number of tokens currently in profit and loss is roughly equivalent. Historically, this threshold typically serves as resistance during bear markets. If this indicator can continue to break above 1.0, it will suggest increased market momentum and a higher likelihood of market recovery.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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